December 17, 2024
This guide will walk you through the most critical metrics to evaluate, many of which stem from understanding multi-channel marketing performance.
Written by
Joey DiGangi
COO & Co-Founder
2025 is just around the corner, and now is the perfect time to review your marketing efforts. A thorough year-end marketing analysis can uncover what worked, what didn’t, and how to refine your strategies.
This guide will walk you through the most critical metrics to evaluate, many of which stem from understanding multi-channel marketing performance.
Multi-channel marketing allows brands to connect with consumers through various touch points—whether it’s paid ads, email campaigns, organic search, social media, or offline methods like direct mail.
Understanding how each channel contributes to your overall marketing goals is critical.
Key metrics to evaluate include:
While multi-channel marketing increases your reach and maximizes brand exposure, it also presents unique challenges, particularly when it comes to attribution.
Attribution refers to the process of identifying which marketing channel (or combination of channels) is responsible for a conversion or sale. In a perfect world, we’d know the exact touchpoint that led a prospect to become a customer, allowing us to optimize our marketing efforts accordingly. However, real-world marketing doesn't operate in isolation.
Multi-channel attribution models take into account all the touchpoints in the customer journey, but this requires tracking every interaction a prospect has with your brand—a tall order when considering the sheer number of possible touchpoints.
Here are a few popular multi-channel attribution models:
The modern customer journey spans multiple touch points. A prospect might first hear about your brand via a social media post, read an email from your brand later, and finally make a purchase after Googling you. Which channel gets credit for that sale?
This makes it essential to analyze how these interactions lead to conversions.
Metrics to consider include:
Analyzing these metrics enables you to optimize your funnel and create a more seamless customer experience.
Budget allocation is a cornerstone of marketing success. Assessing cost efficiency ensures that resources are being utilized effectively. Key metrics include:
Tracking these metrics helps pinpoint opportunities for better budget distribution.
Data is crucial for understanding multi-channel marketing performance, but gathering and interpreting that data can be challenging. Marketers must rely on several tools to track the impact of various channels:
However, even with these tools, certain elements of the customer journey will remain unknown. For instance, someone might hear about your brand through a podcast, see an ad on social media, and finally convert through an organic search. If the podcast mention isn’t tracked, the first touchpoint is lost in your analysis, and the complexity of attribution increases.
The insights gained from your year-end review should inform your plans for the year ahead. Prioritize strategies that showcase strong channel synergies, reallocating resources to efforts that deliver measurable results. Address underperforming areas by revisiting campaigns and adjusting messaging or targeting as needed. Additionally, investing in advanced data tracking tools will enhance your ability to monitor customer journeys and refine attribution models.
As you look ahead to 2025, focus on creating a marketing strategy that leverages the strengths of your multi-channel efforts. By combining data-driven insights with a commitment to continuous improvement, you can position your business for sustained success in the coming year.